Fidelity National Funds Foley’s $30 Million Investment in Wine Industry

JACKSONVILLE, Fla. – William Foley, the man who created Fidelity National Information Services, earned $30 million last week when he cashed in 1.5 million FIS options, then sold them back to the company the following day. Foley said he will use the funds, along with $22 million earned from a sale of shares back to Fidelity National Financial, to make an investment in the wine industry. Foley, one of the highest paid executives in the country, created Fidelity National Information by acquiring a half dozen credit union and bank outsourcers, then merging them with Certegy Card Services, before spinning the operations off into a separately traded company last year. Foley earned more than $200 million from his role in the spin-off and the sale of options last year.